Wells Fargo Portfolio holdings
Wells Fargo & Company, founded in 1852 by Henry Wells and William Fargo, is a major American financial institution headquartered in San Francisco, California, known for its extensive retail banking network and historical roots in the American West. Offering a wide range of services—including consumer banking, mortgages, wealth management, and commercial finance—it manages trillions in assets and serves millions of customers through thousands of branches and ATMs across the U.S. Despite its prominence, Wells Fargo faced significant scrutiny following a 2016 scandal involving millions of unauthorized accounts, leading to leadership changes and regulatory penalties, though it has since focused on rebuilding trust and enhancing digital banking capabilities. With a legacy tied to stagecoaches and a modern focus on diversified financial services, Wells Fargo remains a key player in the U.S. banking sector.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$506M |
| 2 |
Microsoft
MSFT
|
+$336M |
| 3 |
Amazon
AMZN
|
+$287M |
| 4 |
Apple
AAPL
|
+$269M |
| 5 |
Meta Platforms (Facebook)
META
|
+$233M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Air Products & Chemicals
APD
|
+$425M |
| 2 |
Invesco QQQ Trust
QQQ
|
+$334M |
| 3 |
United Parcel Service
UPS
|
+$148M |
| 4 |
Bristol-Myers Squibb
BMY
|
+$128M |
| 5 |
Vanguard Morningstar Mid-Cap ETF
VO
|
+$124M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 16.28% |
| 2 | Financials | 7.45% |
| 3 | Healthcare | 7.23% |
| 4 | Industrials | 6.23% |
| 5 | Consumer Discretionary | 5.41% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
176
State Street SPDR Dow Jones Industrial Average ETF Trust
DIA
$45B
| $451M | 0.11% |
1,152,276
+43,922
| +4% | +$17.1M |
|
177
iShares Select Dividend ETF
DVY
$23.8B
| $445M | 0.11% |
3,678,179
-199,166
| -5% | -$24.2M |
|
178
TotalEnergies
TTE
$193B
| $444M | 0.11% |
6,660,729
-138,980
| -2% | -$9.88M |
|
179
Parker-Hannifin
PH
$120B
| $432M | 0.1% |
853,403
+49,940
| +6% | +$26.8M |
|
180
iShares Russell 1000 ETF
IWB
$47.1B
| $428M | 0.1% |
1,438,317
+680
| +0% | +$195K |
|
181
iShares S&P Mid-Cap 400 Value ETF
IJJ
$8.83B
| $417M | 0.1% |
3,673,205
-121,561
| -3% | -$13.9M |
|
182
Ecolab
ECL
$79.8B
| $417M | 0.1% |
1,750,508
-9,092
| -0.5% | -$2.1M |
|
183
American Electric Power
AEP
$70.4B
| $416M | 0.1% |
4,741,536
+121,732
| +3% | +$10.6M |
|
184
Philip Morris
PM
$309B
| $412M | 0.1% |
4,068,267
+118,768
| +3% | +$11.6M |
|
185
Intel
INTC
$413B
| $411M | 0.1% |
13,277,137
+627,224
| +5% | +$20.6M |
|
186
Intercontinental Exchange
ICE
$87.2B
| $409M | 0.1% |
2,985,730
-146,478
| -5% | -$19.7M |
|
187
Duke Energy
DUK
$101B
| $404M | 0.1% |
4,032,861
+64,629
| +2% | +$6.46M |
|
188
Morgan Stanley
MS
$319B
| $404M | 0.1% |
4,152,019
+245,614
| +6% | +$23.4M |
|
189
ConocoPhillips
COP
$144B
| $402M | 0.1% |
3,515,508
-29,683
| -0.8% | -$3.6M |
|
190
State Street SPDR Nuveen ICE Short Term Municipal Bond ETF
SHM
$3.47B
| $399M | 0.1% |
8,460,445
-877
| -0% | -$41.4K |
|
191
Genuine Parts
GPC
$17.9B
| $395M | 0.1% |
2,853,071
-45,820
| -2% | -$6.84M |
|
192
Arista Networks
ANET
$199B
| $393M | 0.1% |
4,488,852
+706,256
| +19% | +$52.5M |
|
193
Dover
DOV
$26.7B
| $392M | 0.1% |
2,171,861
-57,529
| -3% | -$10.3M |
|
194
Uber
UBER
$145B
| $392M | 0.09% |
5,388,125
+748,277
| +16% | +$52M |
|
195
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.05B
| $389M | 0.09% |
4,129,481
+24,048
| +0.6% | +$2.26M |
|
196
Vanguard Real Estate ETF
VNQ
$39.9B
| $387M | 0.09% |
4,621,981
-793,517
| -15% | -$65.5M |
|
197
American Express
AXP
$224B
| $385M | 0.09% |
1,662,425
+982
| +0.1% | +$227K |
|
198
Vanguard Tax-Exempt Bond Index Fund
VTEB
$45.2B
| $384M | 0.09% |
7,668,699
+612,792
| +9% | +$30.7M |
|
199
Booking.com
BKNG
$156B
| $384M | 0.09% |
2,422,325
-389,175
| -14% | -$57.6M |
|
200
Vertex Pharmaceuticals
VRTX
$123B
| $384M | 0.09% |
818,364
+50,797
| +7% | +$22M |
|
Similar funds
Wells Fargo's Q2 2024 Portfolio in Review
As of Q2 2024, Wells Fargo held 7,784 positions worth $412B, down 0.64% from $415B the previous quarter. Its ten largest holdings account for 19% of the portfolio.
Wells Fargo's Q2 2024 filing shows 385 new, 3,309 increased, 2,368 reduced and 948 closed positions. Its largest new stake was NextEra Energy 7.299% Corporate Units: 1,487,927 shares worth $73.6M. The largest sale was Air Products & Chemicals, an estimated $425M.
By sector, the portfolio is most concentrated in Technology at 16% of assets, up from 14% a quarter earlier, followed by Financials and Healthcare.
- Wells Fargo's largest Q2 2024 buy was NextEra Energy 7.299% Corporate Units: 1,487,927 shares worth $73.6M.
- Wells Fargo added most to State Street SPDR S&P 500 ETF Trust in Q2 2024, an estimated $506M increase.
- Wells Fargo's biggest Q2 2024 reduction was Air Products & Chemicals, cutting an estimated $425M.
- Wells Fargo fully exited Pioneer Natural Resource Co. in Q2 2024, selling an estimated $88.9M.
- Wells Fargo's ten largest holdings make up 19% of its $412B portfolio in Q2 2024.
- Wells Fargo opened 385 new positions and closed 948 in Q2 2024.
- Wells Fargo's portfolio value fell 0.64% quarter-over-quarter to $412B.
Based on Wells Fargo's 13F filing for Q2 2024, filed 13 Aug 2024.